New Century Logistics (BVI) Limited (NASDAQ:NCEW) Short Interest Update

New Century Logistics (BVI) Limited (NASDAQ:NCEW) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 22,609 shares, a decrease of 51.6% from the December 31st total of 46,746 shares. Based on an average daily volume of 25,908 shares, the short-interest ratio is currently 0.9 days. Currently, 0.8% of the shares of the stock are short sold. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 25,908 shares, the short-interest ratio is currently 0.9 days.

New Century Logistics (BVI) Trading Down 18.7%

NASDAQ NCEW traded down $1.46 during trading hours on Friday, hitting $6.34. 15,871 shares of the company were exchanged, compared to its average volume of 20,614. New Century Logistics has a 52 week low of $2.80 and a 52 week high of $71.46. The stock has a 50-day moving average price of $5.85 and a 200 day moving average price of $5.27.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of New Century Logistics (BVI) in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About New Century Logistics (BVI)

New Century Logistics (BVI) Limited (“NC Logistics”) was incorporated in the BVI on April 24, 2019 with limited liability and is a holding company with no material operations. Our operations are conducted in Hong Kong by our wholly-owned subsidiaries, namely (i) New Century Logistics Company Limited (“NCL (HK)”), a company incorporated in Hong Kong with limited liability, (ii) GLF Cargo Services Limited (“GLF”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK), and (iii) Win-Tec Transportation Company Limited (“Win-Tec”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK).